Middle East airlines see 7% air freight growth in June
by Andy Sambidge
Middle East carriers continue to see strong air cargo growth in June, according to new data released by the International Air Transport Association (IATA).
IATA said in a statement that June freight growth reached seven percent and is up by 10 percent for the year so far.
"Airlines in the region are capitalising on growth opportunities by expanding services to fast-growing emerging markets, such as Uganda and Mexico. Capacity expanded 8.6 percent year-on-year," IATA said.
Globally, IATA said air freight markets showed 2.3 percent growth in demand (measured in freight tonne kilometres) over June 2013. That was slower than the 4.9 percent growth reported for May.
Nevertheless, overall growth for the first six months of 2014 stood at 4.1 percent compared to the same period in 2013.
That was much stronger than the weak 1.4 percent increase reported for the full-year 2013 over 2012 levels.
"The strengthened growth has been underpinned by improving global trade and stronger business activity over the past year," said IATA.
“At the half-way point of the year, it is clear that overall cargo demand is much stronger than in 2013. Carriers in Asia-Pacific and the Middle East have been the biggest beneficiaries of the improved market conditions.
"Europe is doing reasonably well, albeit still in recovery mode. The weak spot is the Americas,” said Tony Tyler, IATA’s director general and CEO.